Title :
Actionable solutions to tackle future energy uncertainties
Author :
Patil, Anish C. ; Herder, Paulien M. ; Weijnen, Margot
Author_Institution :
Fac. of Technol., Policy & Manage., Delft Univ. of Technol., Netherlands
Abstract :
For the hydrogen economy to realize there will be a need for large-scale infrastructure investments. But with tremendous uncertainties surrounding the evolution of the future energy system it would be difficult to actually obtain these investments. In this paper we break this large-scale infrastructure problem into smaller parts and then tackle it. Also there is an opportunity to use the existing technologies as a bridge in the energy system transition -that would also spread the financial risks over time. This paper discusses two actionable solutions for implementing hydrogen economy in the Netherlands iffering in the degree of impact (local vs. global) and type (application vs. infrastructure). The paper proposes breaking down this large-scale energy transition into smaller components; this could eventually provide opportunity for the use of strategic investment evaluation models such as real option to obtain investments for the energy infrastructure.
Keywords :
electricity supply industry; hydrogen economy; investment; Netherlands; energy infrastructure; energy system transition; energy uncertainty; financial risks; hydrogen economy; large-scale energy transition; large-scale infrastructure investment; real option; strategic investment evaluation model; Bridges; Control systems; Electrical equipment industry; Fossil fuels; Hydrogen; Investments; Large-scale systems; Natural gas industry; Technology management; Uncertainty; Uncertainty; energy system; hydrogen; infrastructure; sustainability;
Conference_Titel :
Systems, Man and Cybernetics, 2005 IEEE International Conference on
Print_ISBN :
0-7803-9298-1
DOI :
10.1109/ICSMC.2005.1571722